POLI 330N Week 6 Quiz (2) – Question and Answers (latest 2019 Guide) 100% Scored.

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Political Science Week 6 Quiz Politics and Economics Week 6 : Politics and Economics - Quiz Time Remaining: Question 1.1. (TCO 7) Describe how today’s conservatives use the term “p... olitical economy.” (Points : 3) Conservatives use the term to try to get back to the pure market system advocated by Adam Smith. Conservatives understand the term within the context of Machiavelli’s The Prince. Conservatives veer toward John Stuart Mill’s usage, which advocated utilitarianism. Conservatives take a neo-utilitarian approach, hoping to benefit the weakest members of society. Question 2.2. (TCO 7) How do Keynesian economic policies differ from the traditional laissez-faire policies developed by Adam Smith? (Points : 3) Laissez-faire policies advocate for “cutthroat” capitalism, and Keynesian policies seek to spread wealth equally among a nation’s citizens. Keynesian economics advocates for increased government control of economics, and traditional laissez-faire argues for a hands-free approach. Smithian policies advocate for increased spending and stimuli for government-run businesses, and Keynesian economics argues for a hands-free approach. The more liberal Smithian economies distribute wealth more evenly among society, and Keynesian economics tends to distribute wealth among the top 1%. Question 3.3. (TCO 7) President Jimmy Carter attempted to stimulate the economy, but this made inflation worse. This led him to _____. (Points : 3) lose the 1980 election slash prices of corn and soybeans subsidize major oil companies increase the national deficit Question 4.4. (TCO 7) What event is largely considered responsible for deterring Johnson’s War on Poverty? (Points : 3) Great Society Vietnam War Middle-class entitlements Tax expenditures Question 5.5. (TCO 7) Which U.S. President is responsible for implementing the Food Stamp program nationwide? (Points : 3) John F. Kennedy Lyndon B. Johnson Richard Nixon Jimmy Carter Question 6.6. (TCO 7) Which of the following is an increasing financial concern of the Medicare program? (Points : 3) The proportion of older people in American society is increasing steadily. Every American citizen obtains Medicare on reaching age 65, regardless of class. Economic inequality renders Medicare more necessary for some than for others. Wealthy Americans are taking advantage of the Medicare system. Question 7.7. (TCO 7) Many Americans think the federal budget goes primarily toward welfare, which is _____. (Points : 3) absolutely true somewhat exaggerated not at all the case slightly offensive Question 8.8. (TCO 7) How does the American welfare state compare to those of other industrialized nations? (Points : 3) Much less is allocated to welfare in the United States. Other nations allocate less to welfare than the United States. The United States allocates about the same to welfare. Few nations besides the United States maintain funds for welfare. Question 9.9. (TCO 7) Most liberals feel that the poverty line is _____. (Points : 3) reasonable disproportionate too high too low Question 10.10. (TCO 7) Many conservative economists argue that some banks are _____, because they would topple the rest of the economy with them. (Points : 3) inherently successful too big to fail destined for profit practically invincible [Show More]

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